The Long Investor

$NIO TOP 20 UPDATE

Added 2023-04-20 10:28:50 +0000 UTC

Like $TSLA, $NIO is doing exactly what we thought and with no surprises. It is down in the PM and has gone below the previous low, which reinforces the downward trend.

This wave 1 of Subwave 3 will likely complete very shortly and will need to bounce for wave 2. We can see that the 0.5 Fib hits exactly at the yellow trend line so this is a likely spot we can expect wave 2 to bounce to. This does not have to happen all today, remember this whole structure is going to take 4 weeks to complete, so please be patient here, I upload $NIO every day, if you trade it, that is fine so unless I see any surprises then the plan will be the same.

Let's stay disciplined now, we've waited a long time now and we are nearly there.